Namibian tycoon Quinton van Rooyen's Trustco faces a formal legal demand to replace its entire board
Quinton van Rooyen's Trustco Group has received a formal legal demand from a major shareholder to convene a meeting and replace its entire board.
Southern Africa
Robert Gumede's Vision Group seals a deal with the IDC that saves Tongaat Hulett from liquidation
Robert Gumede's Vision Group and South Africa's IDC have sealed a rescue deal that averted the liquidation of 134-year-old sugar producer Tongaat Hulett hours before a court hearing.
Angolan oil tycoon Alberto Almeida de Sousa is searching for a deepwater partner to seal his Chevron block deal
Alberto Almeida de Sousa's Etu Energias is seeking a deepwater operating partner to satisfy technical requirements after pre-empting Chevron's $260 million Angola block sale to Energean.
Controversial Zimbabwean tycoon Wicknell Chivayo wins a stake in Kenya's $2.9 billion airport expansion deal
Wicknell Chivayo's IMC Construction Kenya has won a stake in the Sh375 billion ($2.9 billion) JKIA expansion deal alongside Chinese state-owned construction giant CCCC.
Johann Rupert becomes 2nd African to hit $20 billion according to the Bloomberg Billionaires Index
South African luxury tycoon Johann Rupert has crossed the $20 billion milestone, cementing his position over Nigerian billionaire Abdul Samad Rabiu on the global wealth index.
Johann Rupert's net worth hit $19.9 billion and he has never been this close to $20 billion
Johann Rupert's net worth reached $19.9 billion on June 15, 2026, the highest it has ever been, as Richemont shares continued their powerful rally.
Billionaire Christo Wiese's Shoprite just blew past its store opening target
Shoprite has exceeded its full-year store opening target with a month to go, boosting the value of Christo Wiese's $1.2 billion stake in the retailer.
Multimillionaire Gerrie Fourie says South Africa's dysfunction is exactly what makes it worth staying for
Capitec co-founder Gerrie Fourie says South Africa's dysfunction creates opportunities unavailable elsewhere and urged South Africans considering emigration to think carefully before leaving.
South African billionaire Rob Hersov tells the mining minister to fix the sector or forfeit the country's future
South African billionaire Rob Hersov has published a second open letter to Minerals Minister Gwede Mantashe arguing that policy failures are destroying South Africa's mining sector.
South African IT billionaire Robert Gumede is near a deal to save a 134-year-old sugar company from collapse
Robert Gumede's Vision Group and South Africa's IDC are near a deal that could finally resolve the Tongaat Hulett crisis ahead of a critical June 17 court hearing.
South African fashion tycoon Michael Lewis just bought $5 million of stock in his own retail empire
TFG non-executive chairman Michael Lewis has bought R83 million ($5 million) worth of shares in the South African retail group, nearly doubling his personal stake.
South Africa's president is worth over $500 million but a $580,000 farm scandal is threatening his presidency
Forbes last put Cyril Ramaphosa's net worth at $450 million in 2015. Eleven years on he is likely worth far more and is still fighting a $580,000 scandal.
Tycoon Sandile Zungu's Madagascar nickel mine is back in production after a cyclone knocked it out for four months
Madagascar's Ambatovy nickel mine, being acquired by Sandile Zungu's ZICO consortium, has restarted production after a four-month shutdown caused by Cyclone Gezani damage.
Billionaire Zak Calisto's Cartrack faces scrutiny after a 29-year-old employee died at its Rosebank office
Zak Calisto's Cartrack is under scrutiny after 29-year-old employee Gcina Dhladhla died at its Rosebank head office on June 6, prompting calls for a Labour Department investigation.
Patrice Motsepe helped a Somali referee barred from the World Cup land the UEFA Super Cup instead
CAF president Patrice Motsepe helped Somali referee Omar Artan secure the 2026 UEFA Super Cup after US authorities barred him from the FIFA World Cup.
Billionaire Johann Rupert's Remgro just won approval to take full control of 50 South African hospitals
South Africa's Competition Tribunal has approved Remgro's $950 million acquisition of Mediclinic Southern Africa, giving Johann Rupert's company full control of 50 private hospitals.